1. New York
  2. Jamaica
  3. 146-10 +16+20 Guy R Brewer Boulevard
$5,500,000

146-10 +16+20 Guy R Brewer Boulevard, Jamaica, NY 11434

  • 14,000 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1962
  • Property Lot Size Icon0.51acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $393/sqft
  • Property List Date Icon Listed 25 days ago

Property Description

Calling All Investors, Developers & End-Users!!! 6,200 Sqft. Industrial Building + 1,400 Sqft. House For Sale Only 5 Minutes From JFK!!! The Property Features Great Exposure, Excellent Signage, 2 Drive-In Doors, 78 Parking Spaces, Multiple Offices, Waiting Room, High 14’ Ceilings, 3 Phase Power, 2 In-Ground Lifts, SprayBake Downdraft Spray Booth, Security Camera System, Alarm System, All New LED Lighting, Sprinklers, CAC, +++!!! The Property Has Been Home To A Successful Auto Body Business For 65+ Years!!! The Property Is Situated In The Heart Of The Springfield Gardens On Busy Guy R Brewer Blvd. Only 4 Blocks Off The Belt Pkwy.!!! Neighbors Include Walmart, The Home Depot, Stop & Shop, Target, Best Buy, Lowe’s Home Improvement, B.J.’s, BP Gas, McDonald’s, Dollar Tree, Aldi, Subway, Burger King, KFC, +++!!! The Property Has A Daily Traffic Count Of 6,800+ Vehicles Per Day!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Development Site Or The Next Home For Your Business!!! The Auto Body Business That Nets OVER $1.5M Annually Can Also Be Bought For Only $700k!!! Income: T-Mobile Cell Tower: $25,536 Ann.; 3% Ann. Inc.; Lease Exp.: 2037. 146-10: 5,000 SQFT. Building + 3,000 Sqft. Yard Space: $300,000 Ann. M-M. 146-16: Tire Shop (468 Sqft.): $30,000 Ann. M-M. Been Here 20+ Years So Far. Towing Company (6,720 SQFT. Yard + 560 Sqft. Warehouse): $49,560 Ann. M-M. 146-20: 1st Floor Auto Parts Shop (700 Sqft.): $33,300 Ann. M-M. 2nd Floor (700 Sqft.): $28,600 Ann. (Available) Pro Forma Gross Income: $466,966 Ann. Expenses: Gas: $0 Ann. Electric: $0 Ann. Maintenance & Repairs: $250 Ann. Insurance: $5,680 Ann. Water & Sewer: $1,200 Ann. Taxes: $82,284.16 Ann. Total Expenses: $89,414.16 Ann. Net Operating Income (NOI): $377,551.84 Ann. (Pro Forma 6.86% Cap!!!)

Listing Status:
Active
Listing Office:
All Island Estates Realty Corp : 516-783-5600
MLS ID:
882141
  • A/C: Central Air
  • Heating: Natural Gas

This listing courtesy of All Island Estates Realty Corp

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

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